To know about us we would like to explain that we are a Sikh family residing in Delhi. Legally we are RS SAHOTA (HUF). The full form of HUF is ‘Hindu Undivided Family’. Mr. Raminder Singh Sahota is the head of the family. Legally he is called the “Karta” of HUF. He is not a co-parcener. The other person in the family are Mrs. Gurdeep Kaur Sahota and Mr. Anmol Sahota. Mrs. Gurdeep Kaur Sahota is wife of Mr. Raminder Singh Sahota. Therefore, she is coparcener. Mr. Anmol Sahota is son of Mrs. And Mr. Sahota. Therefore, he is also a coparcener.
Status of wife
Generally female member cannot become Karta but in exceptional circumstances female also can act as Karta. Nagpur High Court held the view that mother even though not a co-parcener, in the absence of adult male member can act as Karta. As per latest judgments of Delhi High Court, a widow of Karta can also become the Karta of the HUF for the period she remained widow. As per Wikipedia “A joint family or undivided family is an extended family arrangement prevalent throughout the Indian subcontinent, particularly in India, consisting of many generations living in the same household, all bound by the common relationship”.
Status of un-married daughter
To understand better the HUF can be called a partnership of Males and un-married females as partners of the HUF. Each son after marriage can form a separate HUF of his own and at that time, he will leave the partnership (HUF) of the father by taking back his share in the HUF of the father. Daughters on their marriage also leave the HUF of the father automatically and get her share in the form of “Istridhan” to be carried to her in-laws. Legally speaking, there must be at least 2 coparceners in addition to Karta for the purpose of separate assessment by Income Tax authorities. If there is only one, i.e. husband and wife. Then the income of HUF will be assessed in the hands of sole co-parcener. However, if Karta receive funds from his ancestral HUF, those funds will be assessed as his personal income.
HUF is different from partnership
HUF is different from partnership in the sense that the boy and un-married daughters become co-parcener from their birth without any contribution or entry into an agreement. But in Partnership, the partners need to join at the terms of the deed of partnership.
The HUF have to take separate PAN for it
Due to separate PAN, the HUF is assessed for its income separately as “Individual” from its co-parceners. But the Partnership is assessed as a separate Firm from its partners. Each partner and each co-parcener are assessed separately. Therefore, there lies a major benefit of Income Tax to the Karta as well as co-parceners in income tax assessment as the rate of tax and ways to calculate will be as tax imposed on Individual and not on firm.
Profile of Karta of HUF
Mr. Raminder Singh Sahota was born on 12-05-1951 in Jat Sikh family at a small village known as Deowal near Nasrala in Hoshiarpur district of Punjab. His father Sh. Amar Singh was a farmer and mother Smt. Charan kaur a housewife. He passed Matric with Math & Science subjects in 1967. The original name from birth was Rominder Singh and not Raminder Singh Sahota. The name was officially changed in the year 1984. He is main person of the business about us.
In the first span
In the First span of life Mr. Sahota joined Indian Navy as a Boy. Mr. Sahota served as Telegraphist of communication branch of the Indian Navy. He left the Navy as Leading Telegraphist (L/TEL). Mr. Sahota was a good sportsman and educator. He served the Indian Navy for about 12 years. During the naval service, he passed Prep exam of Punjab University, Inter Commerce from Bhopal board, Bachelor of Commerce from University of Delhi and post graduate diploma in Business Management & Industrial Administration recognized by the Govt of India. He has become a Special Pensioner of Indian Navy from September, 2019 due to the judgment of the Supreme Court of India.
In the Second span
In the Second span, Mr. Sahota served in Reserve Bank of India from September 1982 to May 2001 to join running business of his wife of Accounting & Taxation. During the RBI service he passed Diploma in Computer Software and Hardware. He also did LLB and CAIIB. He had taken voluntary retirement & pension after serving about 20 years.
In the Third span
In the Third span, Mr. Sahota helped his wife in her business and also accepted positions of management in a co-operative society of which he is the founder member. He started legal practice as Advocate of High Court of Delhi from May, 2004 and took voluntary retirement on health grounds in September 2019 after practice in Civil as well as Criminal cases for 15 years.
In the Fourth span
In the Fourth span, Mr. Sahota has locked down himself to “Work from Home” and he helps in start-ups by providing Virtual Office in Delhi. His wife is also doing on-line registrations and filing of returns after taking franchise of GST Suvidha Kendra. Mr. Sahota has been Administrator of M/S Bairwa Bharti CGHS Ltd and had conducted elections of many other CGHS. Presently gives legal consultancy through his web sites. He also provides free web sites to Advocates and Co-operative group housing societies.
Profile of 1st Coparcener
Mrs. Gurdeep Kaur Sahota was born on 19-02-1953 in Jat Sikh family and was brought up in Keshopur Tund village near Garhdiwala of Hoshiarpur district. She studied upto 12th in Punjab and there after shifted to New Delhi to help her father and brother in domestic work. Mrs. Sahota studied Bachelor of Arts from Punjab University. Mrs. Sahota is married to Mr. Raminder Singh Sahota. She also studied B.Ed from Annamalai University. Mrs Sahota engaged in business of Placement consultancy, import-export consultancy and institute of accounting and taxation. She was the promoter Director of Sahota Impex (India) Pvt Ltd from 1989. The company has since been dissolved due to shifting of her time towards establishing a cheapest and best Virtual Office in Delhi and GST Suvidha Kendra. So she is the second person in the business about us.
Profile of 2nd coparcener
Mr. Anmol Sahota was born on 30th December, 1993 in New Delhi. He studied up to Secondary class and started his own work of photography, videography and Youtube presence. Mr. Anmol Sahota was the main person to present himself in starting the business of Virtual Office in Delhi by practically sitting to handling all the work at the premises of Virtual office in Delhi. He was the main person to be contacted by all in the business about us.